In these tough times, businesses across all industries are doubling down on outcome goals, process goals and performance goals – and demanding results in both revenues and costs.
Shannon Hamilton, VP of Growth and Adoption, shares insights on how the partnership between DLT Labs and Walmart Canada is a perfect example of an enterprise using a fully deployed blockchain solution for supply chain management. In just 18 months of using the technology, Walmart Canada reported a 97% drop in invoice disputes. The benefits also extended to carriers who were also receiving their payments faster.
DL Freight, a specific configuration of DLT Labs’ blockchain platform, has been deployed by Walmart Canada as its national standard for freight and invoice management on over 500,000 loads annually. The solution is already disrupting the industry with transformative visibility, transparency, accuracy and efficiency with dramatic results. The previous 11 step workflow dropped to just 5 steps from tender to invoice payment, approvals are automated, and external reconciliation has been eliminated altogether.
The solution is an out of the box platform powered by Hyperleder with configurable modules that integrates with IOT, AI and legacy systems. The use of blockchain ensures that each participant in the process knows the integrity of the data is inherently accurate, tamper-proof and up to date.
The DLT and Walmart Canada success story has been recognized by the Council for Supply Chain Management Professionals (CSCMP) and was one of the six finalists for the 2020 prestigious Supply Chain Innovation Award.
Shannon Hamilton leads sales and marketing for DLT Labs with an eye on improving profit margins for customers. Her career has spanned more than 20 years, leading teams in operations and sales across financial services, retail and technology. She has firsthand experience tackling significant process improvement goals in large organizations such as American Express and Walmart, as well developing and evolving operational efficiencies in fast growing startups.
Shannon is an active MOBI member who was selected to participate in the Supply Chain [SC] working group where with other members they are crafting blockchain standards for the automotive industry. She has a progressive understanding of how blockchain technology can improve supply chains and is currently engaged in numerous global workflow optimization projects.
DLT Labs™ is a global leader in the development and delivery of enterprise blockchain technologies and solutions, as well as a pioneer in the creation and implementation of standards for application development. With a deep track record in innovation and one of the world’s largest pools of highly experienced blockchain experts, DLT Labs™ enables the transformation and innovation of complex multi-stakeholder processes.